IMF head: China must be "tied" to global debt restructuring until it is resolved
As the world's second largest economy, China has contributed its own strength to the world's economic development, in addition to China's various economic assistance and investment to underdeveloped countries and regions to help them solve the debt crisis. But China's efforts, according to the head of the International Monetary Fund, Kristalina Georgieva, say that China's contribution is far from enough.
At a recent IMF meeting, Managing Director Kristalina Georgieva argued that China is now being called upon to play a unique role in debt restructuring because China is not only the world's second-largest economy, but also the world's factory, so China's role should be taken seriously by all.
However, Kristalina Georgieva's words then changed, she believes that the current global debt crisis, the United States is particularly prominent, how to ensure that the US debt does not break out into successive crises, is the urgent need at present. Therefore, China cannot sit idly by and sit idly by, but must "tie" China to the path of global debt restructuring until this problem is resolved. The IMF Managing Director's remarks have sparked heated discussions around the world, after all, the blunt demand that China be "tied" to global debt restructuring makes people feel clearly targeted.
After all, China has made a very great contribution to international debt restructuring, from interest reduction, loan term extension and infrastructure investment, China has participated in the whole process, and has been widely recognized by the international community, but China's efforts and contributions, in the IMF led by the United States, which has been controlled by Western countries for a long time, are full of various doubts and disapprovals.
The IMF does not focus on the crisis of US debt default to deal with, but takes China's debt relief as an example, you must know that Western countries love to smear China's aid for a long time is a "debt trap", but international debt restructuring is an extremely complex problem, China alone can not solve the problem at all, and why should Western countries blame China without making any efforts? Who would believe that the US debt default has caused great harm to the world economy, but the IMF has turned a blind eye?
China must be wary of the IMF's call, and whether it is international debt or the IMF's own problems, we should be vigilant and carefully judge the risks inside, and now that the IMF has completed as a "tool" of Western countries, there is no fairness at all, it can be seen that the IMF has reached the necessary point, China must increase its own voice, so as to implement the debt restructuring issue.